Taking a step back from day-to-day market minutia, the rather mundane story for 2018 is that spoos and the dollar are largely unchanged while 10yr Treasury yields are up about 50bps. That said, the paths to unchanged for spoos and dollar have been quite different. At...
February and March of 2018 have not been kind to risk parity lovers like myself. The start of the year was just fine as spoos ripped higher and rates suffered only a mild sell-off throughout January. Then, the higher than expected wage data in the February payroll...
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February and March of 2018 have not been kind to risk parity lovers like myself. The start of the year was just fine as spoos ripped higher and rates suffered only a mild sell-off throughout January. Then, the higher than expected wage data in the February payroll release triggered both sizable inflation and Powell worries, […]
